MUST vs SCHD
Columbia Multi-Sector Municipal Income ETF vs Schwab US Dividend Equity ETF
Which is better, MUST or SCHD?
Municipal Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MUST | SCHD |
|---|---|---|
| Expense Ratio | 0.23% | 0.06%Best |
| AUM | $597M | $112.2B |
| Dividend Yield | 3.40% | 3.13% |
| Holdings | 645 | 103 |
| YTD Return | -1.42% | +27.56%Best |
| 1Y Return | +2.57% | +30.29%Best |
| 3Y Return (annualized) | +3.00% | +16.37%Best |
| 5Y Return (annualized) | +0.14% | +10.23%Best |
| Volatility (annualized) | 6.0%Best | 16.4% |
| Max Drawdown | -13.8%Best | -33.4% |
| $10,000 over 5 years | $10,070 | $16,274Best |
| Fund Family | Columbia Threadneedle Investments | Charles Schwab Asset Management |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Oct 10, 2018 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2018 to Sep 4, 2026 (7.9 years).
MUST vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.9 years both funds cover.
MUST vs SCHD Performance
Columbia Multi-Sector Municipal Income ETF (MUST) is an ETF from Columbia Threadneedle Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MUST returned +2.57% while SCHD returned +30.29%. Year to date, MUST is down 1.42% versus a gain of 27.56% for SCHD.
Over three years, MUST compounded at +3.00% per year against +16.37% for SCHD; over five years the annualized figures are +0.14% and +10.23% respectively. Across the full 8-year window we track, SCHD has the edge at +12.07% annualized vs +1.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 6.0% for MUST. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.8% for MUST and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MUST charges 0.23% per year while SCHD charges 0.06%. On a $10,000 position that is $23 vs $6 annually, a gap of $17 per year that compounds over a long holding period. On income, MUST currently yields 3.40% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 378 holdings in MUST and 100 in SCHD, totalling 49.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 378 positions we hold weights for in MUST and 100 in SCHD, against full books of 645 and 103.
You are not choosing between two funds in isolation.
Whichever of MUST and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MUST or SCHD?
MUST has an expense ratio of 0.23% while SCHD charges 0.06%. SCHD is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, MUST or SCHD?
Over the past year MUST returned +2.57% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), MUST annualized +1.77% vs +12.07% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MUST or SCHD?
SCHD has been the more volatile fund at 16.4% annualized versus 6.0% for MUST. Worst drawdown: MUST -13.8% vs SCHD -33.4%.
Should I hold both MUST and SCHD?
MUST and SCHD have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MUST or SCHD?
MUST yields 3.40% while SCHD yields 3.13%, so MUST currently pays the higher dividend yield.
Is SCHD better than MUST?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.